SHREECEM is about to finish semetrical pattern and ready to go up, first target will be 30K, and 2nd will be 32K.
Stock Analysis: Shreecem has formed double bottom closing above the supply zone expect to reach the target given on the chart with below demand zone as stop loss.. Lets' see Happy Trading..
ShreeCem is trading around its all time high and it may be preparing itself for a long leap in coming days. Buy ShreeCem at market price 30600-800 with SL 27500. Target open. Options traders Buy Call Options strictly when it closes or trades above 30900 or 31000. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my...
In SHREECEM complex wave-b is finished now it is running for wave-c. The first target will 32000 and if it goes for 61.8% then it will be 36500, if it extends to 138.2% then target will be much higher. Minimum time for this move will be end of Nov-2021.
buy it now at strong support . bounce back soon . take given at resistance
The stock has broken out and retested the upper and lower trendline and found support near Rs.27000. Trade is supported by brokerage calls and Supports Nearby + 200EMA. Risk Reward Ratio - 3:1 SL is placed below the support zone, Lower Trendline + 200 EMA. The target is placed near swing high.
The pattern formed here is very clear, I always suggest buying at a retracement. Wait for retracement and given an entry for a good move upside
Shree Cement Limited is one of India’s major cement producers with an annual installed capacity of 40.4 million tonne per annum (MTPA) in India and 44.4 MTPA including overseas. It has an installed power generation capacity of 742 megawatt (MW) including 234 MW capacity from renewable energy power plant. It manufactures different types of cement, including:...
We can use the channel lines as support and resistance or short term trade positions
Shree cement is forming head and shoulders pattern in daily time frame, if it breaks down neckline then it can show more down fall, and above neckline if it survive with rsi above 40 in hourly time frame, then only it can go for further up moves towards blue resistance line , between black neckline and blue resistance line it could be a sideways, and breakout...
Today it broke the trendline and retested it even, but formed a doji instead of buying candle, wait and take a position if you want to trade